Plan Snapshot
- Plan Sponsor: Board Of Trustees, Laundry And Dry Cleaning Workers Local No. 52 Healt
- Sponsor EIN: 956537860
- Sponsor Address: 1200 WILSHIRE BLVD, FIFTH FLOOR, LOS ANGELES, CA, 90017
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,697
- Total Assets: $46.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,697 | $46.9M | $11.0M | $45,045 |
| 2023 | 1,607 | $44.1M | $10.3M | $59,964 |
| 2022 | 1,449 | $40.1M | $9.7M | $82,473 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $611,862 | — | $611,862 |
| BENEFIT PROGRAMS ADMINISTRATION | Other Service Provider | $357,534 | — | $357,534 |
| RX BENEFITS INC. | Other Service Provider | $78,892 | — | $78,892 |
| MILLIMAN | Recordkeeper | $75,000 | — | $75,000 |
| WITHUM SMITH BROWN PC | Auditor | $63,496 | — | $63,496 |
| REICH, ADELL & CVITAN | Other Service Provider | $61,372 | — | $61,372 |
| VISION SERVICE PLAN | Other Service Provider | $32,029 | — | $32,029 |
| HENNINGFIELD & ASSOCIATES, INC. | Auditor | $22,950 | — | $22,950 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
- WITHUM SMITH BROWN PC — Auditor
- HENNINGFIELD & ASSOCIATES, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,303,135
- Estimated Expense Ratio: 2.778% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,217,911 | — | $368,888 | $22,950 | — |
| 2023 | $1,100,134 | — | $323,008 | $49,370 | — |
| 2022 | $1,025,558 | — | $299,942 | — | $262,355 |